Dynamic Models of Oligopoly (Fundamentals of Pure and Applied Economics)

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Fudenberg and Tirole use the game-theoretic issues of information, commitment and timing to provide a realistic approach to oligopoly.

Dynamic Models of Oligopoly (Fundamentals of Pure and Applied Economics) Review

The more I read this book, the more I appreciate the accomplishments of the middle-1980's two-period modelers. The body of theory coming out of that era was far from perfect and it had no immediate quantitative use. Nevertheless, those of us who wish to continue the development and application of dynamic oligopoly theory would do well to study Fudenberg and Tirole's monograph.

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